PRESIDENT AND CEO, RTX, ARLINGTON COUNTY
PRESIDENT AND CEO, RTX, ARLINGTON COUNTY
Virginia Business// August 29, 2024//
In May, Calio became president and CEO of Fortune Global 500 aerospace and defense contractor RTX. Previously known as Raytheon Technologies, the company moved its headquarters to Arlington in 2022 and rebranded in 2023. At RTX, Calio, who previously served as chief operating officer, leads 185,000 employees.
Calio also was president of RTX subsidiary Pratt & Whitney, which designs and manufactures aircraft engines. He joined United Technologies Corp. in 2005 as an assistant counsel and served in multiple leadership roles until UTC merged with Raytheon in 2020.
Calio holds a bachelor’s degree in political science from Trinity College and an MBA and law degree from the University of Connecticut.
RTX reported $68.9 billion in revenue in fiscal 2023, up 2.8% from the previous year. This year, RTX agreed to sell its cybersecurity, intelligence and services business segment for about $1.3 billion to private equity firm Blackstone, which spun off the business as a new standalone company, Arlington-based Nightwing. Last year, RTX also approved a $10 billion stock buyback program. RTX’s supplying of weapons to Israel has prompted protests since the Israel-Hamas War began, particularly at Austin, Texas’ annual South by Southwest festival, which RTX co-sponsored in March.
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